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Marianna [84]
3 years ago
14

The information below is provided for Sea Company:_________. Year Ending Inventory End- of-Year Prices Cost Index 2017 $ 90,000

100 2018 97,650 105 2019 103,550 109 2020 $109,760 112 Required: Compute Sea Company's 2019 ending inventory using dollar-value LIFO.
Business
1 answer:
Helen [10]3 years ago
3 0

Answer:

the Sea Company's 2019 ending inventory using dollar-value LIFO is  $95,000

Explanation:

The computation of the Sea Company's 2019 ending inventory using dollar-value LIFO is sown below:

= Ending inventory for 2019 ÷ change in prices

= $103,550 ÷ 1.09

= $95,000

hence, the Sea Company's 2019 ending inventory using dollar-value LIFO is  $95,000

We simply applied the above formula so that the correct value could come

And, the same is to be considered

The 1.09 come from

= $109 ÷100

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3 years ago
The 100-room Fantastic Florida motor lodge accepts only cash for its guests. On Saturday evening the hotel had 90 of its rooms o
Fudgin [204]

Answer:

The ADR is $100

Explanation:

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In the scenario presented above, the lodge has one hundred rooms, but sold only ninety rooms, making $9,000. Therefore, we calculate the ADR as follows:

=> $9,000/90

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4 0
3 years ago
USA Manufacturing issued 30-year, 7.5 percent semiannual bonds 6 years ago. The bonds currently sell at 101 percent of face valu
vekshin1

Answer:

4.82 percent

Explanation:

We use the Rate formula in this question that is shown in the attachment

The NPER is the period of time.

Provided that,  

Present value = $1,000 × 101% = $1,010

Assuming figure - Future value or Face value = $1,000  

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NPER = 30 years - 6 years = 24 year × 2 = 48 years

The formula is presented below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this,  

1. The pretax cost of debt is 7.41%

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6 0
3 years ago
In general Accounts are split into Personal Accounts and ImpersonalAccounts<br> True<br> False
ruslelena [56]

Answer:

True.

Explanation:

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Thus, it is a field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time. Financial experts or accountant uses either the cash basis or accrual basis of accounting.

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All the transactions with respect to a particular item such as income, expenses, assets, liability, etc., are recorded in its account.

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6 0
3 years ago
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